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Apart from Soecialty Fashion, two other shares I like at the moment are Eclipx and Kogan

Both up strongly today. I bought back into Eclipx after it fell 45% to $1.60 following its result announcement, which obviously disappointed the market.... greatly

I took a profit when it reached $2.00 following a bounce over the next few days and then got out. My luck, almost as soon as I did this an indicative offer was made to take over the business by its competitor SG Fleet, sending the share price above $2.50! Even though I missed out, I decided to get back in as while the company has rejected the offer, I suspect it’s not over. The synergies between SG Fleet and Eclipx would be immense and Eclipx has appointed UBS to advise them on defence.

Kogan is a share I posted about previously. Delivered a great result and the market sold them off because they believe the CEO and founder plans to continue offloading shares. Reality is the latest result painted a very promising outlook for the business and it appears to now be in the process of rerating......Show more

Eclipx down 41% at the moment. Thank goodness I’m out of that one. Dodged a bullet!! The big question is why so much?? They came out with a trading update, but it doesn’t seem that bad to warrant such a large fall. Obviously the market thinks the future for this business aint going to be pretty.

I thought they came out with an excellent half year result announcement with strong profit growth and guidance of 27 to 30% growth for the full year.

To my big surprise, rather than rise, the share price fell by as much as 9% at one point, and ended down just under 5% for the day.

I managed to get some when they were 6% down. The shares were only trading on a forward p/e multiple of 12.0x before the announcement, so after the fall this is now 11.0x. This is low for a company that's growing earnings.

There's obviously something the market hasn't liked about the result and because it's a complicated business it's hard for me to work out what this is.

On the face of things, its balance sheet is in great shape. they've got a very strong portfolio of integrated asset services businesses, they're growing earnings and paying out a good dividend of between 5.5 and 6.0% at the current price.

It also has a strong, proven management team who used to run Flexigroup, a similar consumer finance business to Eclipx, when it was successful.

It will be interesting to see the views of the brokers when they release their reports tomorrow. The share will either bounce hard, or fall some more depending on what they say.......

http://investors.eclipxgroup.com/Investor-Centre/?page=ASX-Announcements...Show more